According to Coinbob’s popular address monitoring, the associated address of the "BTC OG insider whale" has opened a ZEC short position with 3x leverage, holding 57,400 ZEC worth approximately $37.9 million, at an average entry price of $626.40. Due to ZEC’s price rise over the weekend, this short position is currently unrealized at a loss of $1.9 million. Simultaneously, the address holds an equal-sized BTC long position with 5x leverage, entered at an average price of $77,400, and is currently slightly underwater by $80,000. Additionally, the whale has bought approximately 148,000 HYPE on spot, valued at around $9.12 million. Address: 0x92ea…050e9
BTC OG Whale Suffers Major Losses on Leveraged ZEC and BTC Positions
AiCoinShare
Summary
According to AiCoin, the 'BTC OG Insider Whale' is suffering significant losses from leveraged positions in ZEC and BTC. The whale opened a 3x short on ZEC with 57,400 ZEC, which is now down $1.9 million as ZEC prices rose over the weekend. A 5x long BTC position worth $37.9 million is currently at an $80,000 loss, with an average entry price of $77,400. The whale also purchased $9.12 million worth of HYPE tokens. The BTC market update shows continued volatility amid high leveraged exposure.
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